🕹️ #GameStonks is The Unofficial WallStreetBets Reddit Hedge Fund Game for Real Players With Diamond Hands - It's Not a $GME

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Play GameStonks online for free. Gama Stonks is an absurd HTML game based on the ridiculous movement of GameStop shares in an epic short sqeeze in early 2021. The game features many Reddit WallStreetBets memes including paper hands, diamond hands, Melvin Capital, and chicken tenders. Players save chicken tenders falling from the sky while collecting Dogecoin. This game is rendered in mobile-friendly HTML5, so it offers cross-device gameplay. You can play it on mobile devices like Apple iPhones, Google Android powered cell phones from manufactures like Samsung, tablets like the iPad or Kindle Fire, laptops, and Windows-powered desktop computers. All game files are stored locally in your web browser cache. This game works in Apple Safari, Google Chrome, Microsoft Edge, Mozilla Firefox, Opera and other modern web browsers.

Venture Capitalist Chamath Palihapitiya tweeted about buying a call option on GameStop, further driving a price ramp. He closed that position the next day and donated the profits from that trade to the Barstool Fund, which helps small businesses.

In moments of uncertainty, when courage and strength are required, you find out who the true corporatist scumbags are.
— Chamath Palihapitiya (@chamath) January 28, 2021

The stock peaked at $483 per share on January 28, 2021, rising from a 52-week low of $2.57 a share on April 3, 2020. On January 28th over a million shares failed to deliver.
Part of what caused the stock momentum to disappear was Robinhood could not meet a $3 billion security deposit request from NSCC. Robinhood lowered the requested capital call by setting $GME and a few other meme stocks like $AMC to sell only. They also force sold customer stocks and now face dozens of lawsuits. David Portnoy called them criminal. Robinhood earned thousands of one-star ratings for the fiasco and raised billions from investors to deal with the fall out.
Barstool Sports founder David Portnoy took a $700,000 loss on meme stocks like AMC and Nokia. In the video announcing that loss he said he had never owned GameStop stock.
After the WallStreetBets and GameStop story captured the broader public zeitgeist old moderators of the WSB forum came back to kick out newer moderators. Everyone is trying to monetize the story. Some of the audience moved over to WallStreetBetsnew and WallStreetBetsOGs.
We launched this game on February 4th. On that day $GME closed at $53.50, off a comfortable 42.11% on the day and a cool 89% from the high a week prior.

PSA for the newb knife-catching crowd.

Know how something goes down 90%?

First it goes down 80%.

And then it goes down 50% from there.
— Ben Hunt (@EpsilonTheory) February 2, 2021

The day after this game was launched Robinhood removed GME & AMC purchase order limits. GameStop jumed from a Thursday close of $53.50 to a high of $95 (up 77.57%), with the stock again having trades halted multiple times. The bid / ask offer spread was often between 50 cents and $1 throughout much of the day, meaning market makers likely made tens of millions of dollars on Friday’s trade volume of 79,541,313 shares. The stock closed the day at $63.77 (up 19.2%).
Other markets which have been targeted by WSB have seen increasing margin requirements to curtail risk.
Yahoo! conducted a Harris Poll which found 28% of Americans traded “meme” stocks like GameStop in January. Many bought GameStop to try to pay off debts.
Mortgage company Rocket surged 109% as a day trader favorite. It later had 33% down days.
Speculators have moved from other meme stocks to themes like silver, marijuana companies, cryptocurrencies like Bitcoin and Dogecoin, and even a levered ETF tied to volallity itself.
David Portnoy promoted the Van Eck Vectors Social Sentiment ETF, an ETF based on online sentiment. It promotes larger cap stocks with strong online sentiment instead of promoting the GameStop type momentum stocks.

https://twitter.com/stoolpresidente/status/1366757688542191619

Regulators

Spam bots widely hyped meme stocks on Reddit and other social media networks.
Some politicians are considering financial transaction taxes to curtail high frequency trading which is driven by payment for order flow to brokers which allows entities like Citidel, Virtu, Susquehanna, Two Signa, UBS and Wolverine to monetize the spread between best bid or offer.
Robinhood’s CEO, along with executives from Reddit, Melvin Capital and Citadel spoke before the House of Representitives on February 18th. Robinhood is trying to settle a FINRA probe.
On February 19th the SEC temporarily suspended trading in 3 meme stocks: Marathon Group Corp, Affinity Beverage Group Inc, and Sylios Corp.

Lawsuits

Robinhood faces a wave of lawsuits for disabling user trading.
Keith Patrick Gill was sued by other investors who lost money taking the wrong side of the trade. The day after he appeared before congress he posted a screenshot of his brokerage account showing he had doubled his $GME share position, buying an additional 50,000 shares. GameStop’s share price quickly doubled again after he showed his increased position size.

History

While some have seen the GameStop phenomena as something unique, a similar short squeeze happened back in 1923 to a Southern and Midwest grocery store chain named Piggly Wiggly. Piggly Wiggly was the first self-serve grocery store and still exists today as a subsidiary of C&S Wholesale Grocers.
Volkswagen’s shares were also squeezed in 2008.

Mobile Friendly Cross Browser Support

This game is rendered in mobile-friendly HTML5, so it offers cross-device gameplay. You can play it on mobile devices like Apple iPhones, Google Android powered cell phones from manufactures like Samsung, tablets like the iPad or Kindle Fire, laptops, and Windows-powered desktop computers. All game files are stored locally in your web browser cache. This game works in Apple Safari, Google Chrome, Microsoft Edge, Mozilla Firefox, Opera and other modern web browsers.